HMRC’s self-assessment reminders warn of penalties if you don’t pay by 31 January — but that’s not the full story. While interest does apply immediately, late payment penalties don’t start until you’re 30 days overdue. Here’s what really happens, and what to do if you can’t pay on time.

One of the main reasons I recommend professional accounting services is their ability to improve overall financial management. They do more than just prepare tax returns or balance sheets. They offer a comprehensive approach to managing your finances.

A target with red rings has a paper labeled "Self-Employed" over it. A red valve is at the center, symbolizing focus or aim.

Saving money within a limited company for a significant asset purchase can create a tax challenge. Many business owners worry about paying extra tax on profits held in the company before they buy the asset. The key question is how to plan effectively so the company retains funds without triggering unnecessary tax liabilities. This post explores practical strategies to help limited company owners save tax-efficiently while preparing for a major purchase.